Grassi Investment Management grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,406 shares of the software giant’s stock after acquiring an additional 11,973 shares during the period. Microsoft comprises about 2.5% of Grassi Investment Management’s investment portfolio, making the stock its 6th biggest holding. Grassi Investment Management’s holdings in Microsoft were worth $15,325,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Spectrum Financial Alliance Ltd LLC acquired a new position in Microsoft in the first quarter worth about $147,000. Ballew Advisors Inc acquired a new position in Microsoft in the first quarter worth about $164,000. Lara May & Associates LLC acquired a new position in Microsoft in the first quarter worth about $199,000. AlphaStar Capital Management LLC acquired a new position in Microsoft in the fourth quarter worth about $204,000. Finally, Trilogy Capital Inc. acquired a new position in Microsoft in the fourth quarter worth about $207,000. Institutional investors own 71.75% of the company’s stock.

In related news, CFO Amy Hood sold 118,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the sale, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the sale, the chief executive officer now directly owns 778,596 shares in the company, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,042 shares of company stock worth $71,264,850. Corporate insiders own 1.49% of the company’s stock.

A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $107.00 price target on shares of Microsoft in a research note on Wednesday, June 13th. BidaskClub downgraded Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Nomura set a $118.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $119.74.

MSFT opened at $114.45 on Wednesday. The company has a market cap of $879.78 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.26. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94. Microsoft Co. has a twelve month low of $72.99 and a twelve month high of $115.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. analysts anticipate that Microsoft Co. will post 4.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Wednesday, November 14th. This is a boost from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s payout ratio is 43.30%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

See Also: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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